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Capital Realty III Investors Partnership (Capital Realty III Investors Partnership) Net-Net Working Capital : $74.55 (As of Dec. 2012)


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What is Capital Realty III Investors Partnership Net-Net Working Capital?

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

Capital Realty III Investors Partnership's Net-Net Working Capital for the quarter that ended in Dec. 2012 was $74.55.

The industry rank for Capital Realty III Investors Partnership's Net-Net Working Capital or its related term are showing as below:

XXGGD's Price-to-Net-Net-Working-Capital is not ranked *
in the Real Estate industry.
Industry Median: 4.51
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Capital Realty III Investors Partnership Net-Net Working Capital Historical Data

The historical data trend for Capital Realty III Investors Partnership's Net-Net Working Capital can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Capital Realty III Investors Partnership Net-Net Working Capital Chart

Capital Realty III Investors Partnership Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12
Net-Net Working Capital
121.33 110.48 90.78 83.65 74.55

Capital Realty III Investors Partnership Semi-Annual Data
Dec08 Dec09 Dec10 Dec11 Dec12
Net-Net Working Capital 121.33 110.48 90.78 83.65 74.55

Competitive Comparison of Capital Realty III Investors Partnership's Net-Net Working Capital

For the Real Estate Services subindustry, Capital Realty III Investors Partnership's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Capital Realty III Investors Partnership's Price-to-Net-Net-Working-Capital Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Capital Realty III Investors Partnership's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Capital Realty III Investors Partnership's Price-to-Net-Net-Working-Capital falls into.



Capital Realty III Investors Partnership Net-Net Working Capital Calculation

Capital Realty III Investors Partnership's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2012 is calculated as

Net-Net Working Capital(A: Dec. 2012 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(4.662+0.75 * 0+0.5 * 0-0.189
-0-0)/0.06
=74.55

Capital Realty III Investors Partnership's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2012 is calculated as

Net-Net Working Capital(Q: Dec. 2012 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(4.662+0.75 * 0+0.5 * 0-0.189
-0-0)/0.06
=74.55

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.

In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

This is a conservative way of estimating the company's value.


Capital Realty III Investors Partnership  (OTCPK:XXGGD) Net-Net Working Capital Explanation

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.


Capital Realty III Investors Partnership Net-Net Working Capital Related Terms

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Capital Realty III Investors Partnership (Capital Realty III Investors Partnership) Business Description

Traded in Other Exchanges
N/A
Address
Capital Realty III Investors Ltd Partnership is a limited partnership which was formed under the Maryland Revised Uniform Limited Partnership Act on June 27, 1983. The General Partners of the Partnership are C.R.I., Inc. ('CRI'), which is the Managing General Partner and current and former shareholders of CRI. The Partnership was formed to invest in real estate, which is the Partnership's principal business activity, by acquiring and holding limited partner interests in limited partnerships ('Local Partnerships'). As a result of its investment in the Local Partnerships, the Partnership became the principal limited partner in 31 Local Partnerships. In another six Local Partnerships, the Partnership invested as a limited partner in intermediary partnerships which, in turn, invested as general partners in the Local Partnerships.

Capital Realty III Investors Partnership (Capital Realty III Investors Partnership) Headlines

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